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Income Tax - Highlights / Catch Notes

Home Highlights September 2021 Year 2021 This

Revision u/s 263 - non reference to TPO - cases as selected for ...

Income Tax

September 16, 2021

Revision u/s 263 - non reference to TPO - cases as selected for scrutiny on non transfer pricing risk parameters - The necessary enquiries and examination as reasonably expected have been carried out by the Assessing officer and he has taken a prudent, judicious and reasonable view after considering the entire material available on record as well as following the CBDT Instruction no. 3 of 2016 and the order so passed u/s. 143(3) cannot be held as erroneous in so far as prejudicial to the interest of Revenue. - AT

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